Scottsdale AZ Real Estate & Lifestyle

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Heather Tawes Nelson

Forest Highlands Golf Homes in Flagstaff – 2012 Home Sales Report

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Forest Highlands Golf Course Flagstaff AZAlthough the 2012 summer season has recently wrapped up for the Forest Highlands Golf Community in Flagstaff, there is still plenty to do as we head into the autumn and winter months.

If you are not familiar with Forest Highlands, it is a luxury golf community just south of Downtown Flagstaff off of Route 89A. It is home to two golf courses (Canyon and Meadow), two clubhouses with pools and full-service pro shops, a tennis complex, miles of fitness paths and so much more.

It is a very vibrant, social community that appeals to all ages. The summer months are packed with events and activities and in the off season, homeowners can experience the snow and enjoy cross country skiing, Arizona Snowbowl and more. Many residents choose to live in Forest Highlands full-time whereas others use it as a place to escape the summer heat and enjoy the summer months.

Here is a look at real estate activity and sales in Forest Highlands for the first three quarters of 2012. I am also including a snapshot of current inventory and pending sales as of today.

HOMES FOR SALE AND PENDING SALES AT FOREST HIGHLANDS

There are a variety of home choices in Forest Highlands. For people looking for smaller homes, there are cottages in the 1,600-1,900 foot ranges. And for people looking for a larger custom home, there are homes available with square footage in excess of 6,500 square feet.

Currently, the least expensive home on market is a 1,678 square foot cottage listed for $425,000. The most expensive home is listed for $3,800,000 and it has 6,844 square feet.

The pending home sales range in price from $425,000 to $1,395,000.

Forest Highlands Flagstaff AZ Homes for Sale Pending Sales


2012 HOMES SALES IN FOREST HIGHLANDS – Through Q3 2012

Here are the home sales year to date in Forest Highlands. Home sales picked up over the course of the year with the summer season being the busiest. However, with five pending sales in the pipeline, we may see a decent Q4 2012 as well.

The average cost per square foot bounced around a bit, but since sales volume is so low, each individual sale can really impact this figure. Average days on market did see a decrease over the course of the year, but is still high due to this being more of a seasonal home market.

Home buyers, on average, are still seeing a strong discount of off asking prices, at about 16%.

Forest Highlands Golf Home Sales 2012

 

View Homes for Sale in Forest Highlands

More information about Forest Highlands Flagstaff

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 10/8/2012 and can change at any time. The analysis looks at single family home sales activity in Forest Highlands in Flagstaff, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2012 Heather Tawes Nelson

 

 

Scottsdale AZ Luxury Home Market – September 2012

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Luxury Home in Scottsdale AZHere are September 2012’s results for the luxury home market in Scottsdale, Arizona. I have taken sales activity for homes priced above $1 million and divided it into four distinct price bands.

Each of these price bands will contain the following information:
Active- These were homes for sale in Scottsdale as of September 31, 2012
Pending – These were pending home sales as of September 31, 2012
Sold – The number of luxury home that sold in Scottsdale in September 2012

– September 2012 –
Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market:  We saw the number of homes in this price point increase for the second month in a row. Although the figure was up 5.1% over August, it is still lower than the 12 month average of 188.
– Pending Scottsdale Home Sales: Pending sales dropped back down to 15 at the end of September. This is well below the 12 month average of 21.
– Scottsdale Homes Sold: Sales were up 11.% over August to 20. This is just behind the 12 month average of 21.
– Sales Price to Listed Price: 92.7% – This is right about where this figure has been coming i over the last several months.

Scottsdale AZ Home Sales Between $1 and $1.5 Million


Scottsdale Homes Priced Between $1,500,000 – $1,999,999
– Active Scottsdale Homes on the Market: Inventory had been dropping since February, but was up 7.4% at the end of September and back into the triple digits. This is still lower than the 12 month average of 126.
– Pending Scottsdale Home Sales: Pending sales were up at the end of the month to 12.
– Scottsdale Homes Sold: Only four homes sold in the month of September. This is the lowest we have seen this figure since November of 2011 and is only half of the 12 month average for this price point.
– Sales Price to Listed Price: 86.9% – This is the lowest this ratio has been in the past year, meaning on average, buyers got over 13% off of asking prices.

Scottsdale AZ Home Sales Between $1.5 and $2 Million


Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: The number of homes in this price segment was down again at the end of September to 93. This figure has been decreasing monthly since March of 2012.
– Pending Scottsdale Home Sales: Pending sales stayed at six at the end of September, which is just ahead of the 12 month average of 5.
– Scottsdale Homes Sold: Only two homes sold in September. This is the lowest we have seen this figure since December of 2011.
– Sales Price to Listed Price: 76.0% – This is quite a bit lower than we have seen for this price point. On average, buyers enjoyed a 24% discount off of the asking price.
Scottsdale AZ Home Sales Between $2 and $3 Million

Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: Inventory jumped 11.8% by the end of September, taking us back to May 2012 levels.
– Pending Scottsdale Home Sales: Pending sales held their own. At the end of the month, there were two pending sales.
– Scottsdale Homes Sold:  There was a single home sale in September for over $3 million.
– Sales Price to Listed Price: 89.6% – This is a little higher than we have been typically seeing in this price range.

Scottsdale AZ Home Sales Over $3 Million

September 2012 was a mixed month for the Scottsdale AZ luxury home market. Inventory was up in almost all of the price segments. While this would be a welcome relief on the lower end of the market, there is still a substantial amount of luxury inventory to get through. Pending sales held their own or increased in the three highest price ranges, which is positive. However, the sales figures for these same ranges were down in September. Ideally, the decent pending sales in the pipeline will help October’s figures.

To see the detailed data behind this report, please visit my Scottsdale luxury real estate market reports page and click on the “Scottsdale Market Trends” report.

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 10/1/2012 and can change at any time. The analysis looks at single-family luxury resale homes in Scottsdale AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2012 Heather Tawes Nelson

Phoenix and Scottsdale AZ Luxury Condo Sales – September 2012

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The Scottsdale and Phoenix luxury condo market had a decent September 2012. By the end of the month, one of the highest-priced condo sales of the year had taken place and there were two pending sales that had carried over from the month of August.

I am defining the luxury condo market in Scottsdale and Phoenix as those units with an asking prices in excess of $1 million. You will see the sales information in summary form as well as by city.

 

Phoenix Scottsdale Luxury Condos for Sale September 2012

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
By the end of September, there were two pending sales of luxury condos. Both of these are carryovers from the month of August and there was one in each city.

  • For Scottsdale, the pending sale still being worked on was the foreclosure unit at the East Camelback Condominiums, right near Scottsdale Fashion Square. This property encompasses the entire top floor of the building and has 5 bedrooms, 8 bathrooms and 7,254 square feet. The asking price was $1,250,000, but significant additional funds will need to be added to the price to get the unit sold.
  • For Phoenix, the ongoing sale was at Esplanade Place. The condo had 3 bedrooms, 3.5 bathrooms and 4,286 square feet. The listing price when it went under contract was $2,450,000.


SEPTEMBER  2012 LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
There was a single luxury condo sale that took place in September and the sales price is one of the highest we have seen in 2012.

This sale was a 3 bedroom, 3.5 bathroom, 4,065 square foot condo at The Landmark in the vibrant Kierland area of Scottsdale. The list price was $2,550,000 and it ultimately sold for $2,225,000 or 13% off of asking.
So, while September was not a month full of big activity for the luxury condo market in Scottsdale and Phoenix, we did see a large dollar amount sale and two more sales are in the pipeline. Ideally, some new condos will go under contract in October to keep the pace going.

Learn More About Phoenix and Scottsdale Luxury Condos
Search Phoenix and Scottsdale Luxury Condos for Sale

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 10/1/2012 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the past 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2012  Heather Tawes Nelson

Scottsdale AZ Single-Family Homes for Sale – September 2012

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Here are the figures for single-family home sales in Scottsdale, Arizona for the month of September 2012.

This report looks at monthly homes sales over the past 12 months and is broken into three segments:
– Scottsdale homes for sale at the end of September
– Pending homes sales at the end of September
– Homes that sold in September

This first graph shows you the previous year’s worth of active, pending and completed Scottsdale home sales.

Scottsdale AZ Homes for Sale September 2012

This second chart looks at the percentage change in inventory month over month. For example, the number of homes on the market was 5.3% higher in September over August.

Below that is the sales price to list price ratio. This gives you an idea of the average percentage off of asking prices. So, in September, on average buyers saw a 4.5% discount off of the asking price.

Price change of Scottsdale AZ Homes
September 2012 Highlights for Scottsdale AZ Homes for Sale:

  • Active Scottsdale Homes for Sale: This is the first time we have seen inventory climb since the beginning of the year. The number of homes on the market increased 5.3%. This is good news for buyers who have been facing very restricted inventory.
  • Pending Homes Sales in Scottsdale: Pending sales continue their downward trend. Part of this decline can be attributed to fewer homes on the market.
  • Scottsdale Homes Sold: Corresponding with the decrease in pending sales we have been seeing, home sales were also down in September to 372, a 14.7% decrease. The last time we saw sales this low was in February 2012.
  • Sales Price to List Price: 95.5% – This is more or less where we have been seeing this figure over the past year.

September 2012 was a so so month for Scottsdale home sales. We saw inventory take an upward jump, which was a change after many months of shrinking numbers. Pending home sales continue to shrink, which in turn is impacting home sales results. Based on what I am seeing, October should be another slow sales month. What will be interesting is to see how for sale inventory will do during October.

Search Scottsdale AZ Homes for Sale

 

Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 10/1/2012 and can change at any time. The analysis looks at single-family resale homes for sale and home sales in Scottsdale AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2012 Heather Tawes Nelson

Things to Do in Scottsdale AZ: October 2012

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Scottsdale AZ Events October 2012Now that summer is behind us and things are cooling off a little, there are a large number of events going on in and around Scottsdale t0 take advantage of.

  • October 3 -6  – It is Phoenix Fashion Week at the Talking Stick Resort in Scottsdale. There will be runway shows, seminars, competitions, sample sales, parties and much much more. There is also a charity event called “Fashionably Pink”to benefit Susan G. Komen for the Cure. You can access the full calendar of events via the link above.
  • October 4, 7:30PM – If you are a fan of the symphony,  on October 4th, there will be a performance of Vivaldi’s Four Seasons at the Scottsdale Center for the Performing Arts. Michael Christie will be conducting.
  • October 4-28 – If you are ready to get into the Halloween/Fall feel of things, take a drive to Schnepf Farms in Queen Creek for the “Pumpkin and Chili Party.” It runs Thursdays through Sundays and is the only time when the entire farm is open to the public. Some fun options include pig races, hayrides, mini-golf, a carousel, bonfires, a petting zoo,  roller coasters, a 3 acre pumpkin patch, corn mazes, freshly made food and more.
  • October 5-9 – Film aficionados will enjoy the Scottsdale Film Festival which Is taking place at the Harkins theaters at Shea Boulevard and Scottsdale Road.  This is the 12th year this has been going on and not only will you see a lot of powerful domestic movies, there are international offerings as well.
  • October 5-November 16 – The Desert Botanical Garden is offering their “Music in the Garden“ series starting on Fridays  from 7 to 9PM. Each week there will be a new musical act featured in the setting of the beautiful botanical gardens.
  • October 7, 3-5PM – The Scottsdale Center for the Performing Arts is holding a “Dine Out with the Chefs” event.  Twenty-five of the area’s top chefs will get together for cooking demonstrations, tastings and so much more. It should be a great time.
  • October 7-28, 1-4PM – “Carefree Sundays” at El Pedregal continue. Each Sunday, musical groups perform in the open courtyard at El Pedregal. It is a great way to spend a Sunday afternoon.
  • October 13-14, 10AM-5PM -Adults and children alike will be thoroughly entertained by Railfair 2012 at the McCormick Stillman Railroad Park. Enjoy model train displays, historical railroad cars and special equipment, entertainment and more. Admission to the event is free and rides on the train and carousel can be purchased.
  • October 17-18, 5pm-10pm – Head up to Cave Creek for the “Taste of Cave Creek 2012” This evening event will be held at Stagecoach Village in downtown Cave Creek. There will be art, a wine and beer garden, tequila tastings, live music and more. Many of Cave Creek and Carefree’s top and most popular restaurants will be participating including Binkley’s, Latilla at The Boulders, Tonto Bar and Grill, Buffalo Chip, Harold’s, The Horny Toad, El Encanto, Cartwright’s Steakhouse, the Carefree Resort and Villas and more. Be sure to come hungry as there will be some delicious food there.

As always, this is only a small sampling of all the things coming up in and around Scottsdale in the month of October,  so if you have any other events you would like to recommend, please feel free to add them in the comment section.

 

 

Troon North Scottsdale AZ – 2012 Home Sales Report

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Troon North Scottsdale Real Estate Troon North is a well-known community in North Scottsdale. It is widely recognized for its two Troon North golf courses, Monument and Pinnacle, that were designed by Tom Wieskopf.

Housing options in Troon North are varied, from “lock and leave” condos and townhomes, all the way to estates with majestic golf, city light and/or mountain views.

Below are two real estate charts for Troon North for 2012-to-date. The top chart shows the number of single-family homes on the market as of September 24, 2012 as well as homes in Troon North that are pending sales. The bottom chart looks at 2012 quarterly sales activity for Troon North homes.

TROON NORTH HOMES FOR SALE AND PENDING SALES AS OF SEPTEMBER 24, 2012
Thirty single-family homes are on the market at Troon North currently. They have an average asking price of just under $900K.

The least expensive home for sale is a three bedroom, two bathroom home with 2,448 square feet. The asking price is $369,000.

The most expensive home currently on the market in Troon North is listed for $1,785,000. It comes with five bedrooms, five and one-half bathrooms an d5,891 square feet. It was built in 2009 and has a pool.

Troon North has nine homes currently pending sale. Their asking prices range from $359,900 to $2,295,000.

Troon North Scottsdale AZ Real Estate

TROON NORTH HOME SALES THROUGH SEPTEMBER 24, 2012

Here is a snapshot of quarterly sales activity for Troon North in 2012. Sales started to pick up in the first and second quarters, but have slowed as we move through the third quarter as we have been seeing throughout Scottsdale. Average sales price has been increasing as the year progresses as well as average price per square foot. Days on market have been dropping as well.

The least expensive home sale in Troon North  so far this year was $305,000. This home had four bedrooms, two and one-half bathrooms and was 2,826 square feet. It also had a pool.

The most expensive 2012 home sale in Troon North was for $3,000,000. This custom home was on 1.8 acres and had been featured in the media. It had four bedrooms, five and one-half bathrooms and 7,427 square feet. It also had a detached guesthouse and 360 degree views.

Troon North Scottdale 85262 Home Sales 2012

Search Troon North Scottsdale Homes for Sale

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 9/24/2012 and can change at any time. The analysis looks at single family home sales activity in Troon North in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2012 Heather Tawes Nelson

Construction on North Scottsdale Road – September 2012 – October 2013

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Appaloosa Library in Scottsdale AZ 85255
Appaloosa Library in North Scottsdale

This project is now complete.

 

As of September 24, 2012 the City of Scottsdale will be starting a major project on North Scottsdale Road between Adobe and Pinnacle Peak Roads. This project is going to have a huge of impact on traffic, particularly over the next several months. The entire project is slated to be complete in October 2013.

The final goal of all of these improvements will include three lanes of traffic on each side of Scottsdale Road, up to the Pinnacle Peak intersection, the relocation of utility lines and a bridge over the Rawhide wash just south of Pinnacle Peak. You will also see nice upgrades such as a public art installation, nicely landscaped medians and other design elements to enhance the natural beauty of the area.

The project will take place in two phases. The first phase will focus on the intersection of North Scottsdale Road and Pinnacle Peak Road and traffic will be restricted to a single lane in each direction between Adobe and Pinnacle Peak. Phase two will have two lanes of traffic in each direction for this same section of road.

Construction will be taking place from 6 AM to 6 PM Monday through Friday and there will be some nighttime construction him to help minimize disruption to traffic flows in this heavily traveled area.

KEY ITEMS & DATES TO NOTE:

  • As of September 24th, Scottsdale Road will be narrowed to a single lane in each direction between Adobe and Pinnacle Peak Road. This will run through December 2012.
  • There will be no left turns at the intersection of Scottsdale Road and Pinnacle Peak through October 2012.
  • Silverstone Drive, which is used to access the Appaloosa Library and Vi at Silverstone will be closed for approximately one year. To access the library or Vi,  you’ll need to go via Williams Drive or take Pinnacle Peak to 74th St. Here is a map to access Appaloosa Library during construction.

I’ve attached a few links below for more information about the project. And, if you like, there is an area to sign up for the construction newsletter to track the project as it happens.

The North Scottsdale Road and Pinnacle Peak Road intersection is a major intersection and traffic is bound to be difficult over the next several months. You might want to take alternate roads like Pima, Miller or Tatum.

The good news is at the end of the project, Scottsdale Road will be wider,  it will be beautifully landscaped including an art installation, and the new bridge will help with water drainage issues.

 

City of Scottsdale Project Plan for North Scottsdale Road Improvements

Map of the Construction Sequence

 

Troon Village Scottsdale AZ – 2012 Home Sales Report

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Troon Village Real Estate Scottsdale AZ 85255Troon Village is a collection of neighborhoods on and around Troon Mountain in North Scottsdale. The community is just east of Pinnacle Peak and features the private Troon Country Club.

Housing options range from townhomes nestled in next to the country club to single family subdivisions to elegant estates on the mountain. Many of these various communities are gated or guard-gated.

Residents of Troon Village enjoy the beautiful desert scenery and views while being just a few minutes from shopping, dining and entertainment.

Below are two charts covering real estate in Troon Village for 2012-to-date. The first chart looks at current homes for sale as well as pending home sales. The second chart looks at Troon Village home sales activity by quarter.

TROON VILLAGE HOMES FOR SALE AND PENDING SALES AS OF SEPTEMBER 19, 2012
There are 26 homes currently for sale Troon Village with an average asking price of just over under $1.1 million.

The least expensive home on the market is a two bedroom, two and one-half bathroom home with 1,743 square feet and a pool. It is listed for $390,000.

The most expensive home currently for sale is listed at $2,700,000. This newly completed 8,159 square foot custom home has five bedrooms and five and one-half bathrooms and comes with a four car garage.

There are currently eight homes pending sale in Troon Village. They range in price from $344,400 to $2,795,000.

Troon Village Scottsdale 85255 Homes September 2012

TROON VILLAGE HOME SALES THROUGH SEPTEMBER 19, 2012

Now that we have reviewed what is on the market and what is under contract, here are the actual home sales that have taken place in 2012 so far.

The year started off strong and we saw a lot of momentum in Q2. However, things have slowed a but in Q3, where we typically see a decline in home sales. Also, inventory is pretty limited, so that could be holding the sales figures back as well.

The least expensive home sale in Troon Village for 2012 was $265,000. This was a two bedroom, two bathroom townhome with 1,345 square feet. This home was a short sale.

The most expensive home sale for 2012  in Troon Village so far was a foreclosure. This estate had been listed for $2,995,000 and was on the market a mere 29 days. Multiple offers were received and the home sold for $3,300,000, over $300,000 above asking. This home had seven bedrooms, ten bathrooms and was over 8,700 square feet.

 

2012 Troon Village Scottsdale Golf Home Sales 85255

Search Troon Village Scottsdale Homes for Sale

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 9/19/2012 and can change at any time. The analysis looks at residential home sales activity in Troon Village in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2012 Heather Tawes Nelson

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